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The government plans to invest VND314 trillion for North-South expressway

North - South expressway construction

The government has selected North-South high-speed investment projects, with the State providing 41.414 billion VND to invest 467 km in the total length of 1,372 km on this route.

The Government has just announced the conclusion of Prime Minister Nguyen Xuan Phuc at the meeting on the investment project of North-South highway project east.

Specifically, according to the steering notice, the Prime Minister unanimously proposed Option 1 at the request of the Minister of Transport and Deputy Prime Minister Trinh Dinh Dung. The Minister of Communications and Transport is answerable to the Government and the Prime Minister for investment plans. This is considered the most “saving” plan in the context of public investment is difficult today.

North - South expressway construction
North-South Expressway has the length of 1.372km with the total investment capital of 314,100 billion dong, equivalent to VND229 billion per km.

Previously, the Ministry of Transport has submitted the Government plans to invest in the North – South Expressway. According to the proposed plan, the total investment to build 1,372km north-south highway isVND 314,100 billion.

The Ministry of Transport has proposed three options for the State capital to implement the project: Option 1: State support VND t41.414 billion o invest 467 km, including Cao Bo (Nam Dinh) – Vinh (Nghe An) The Cam Lo (Quang Tri) – Tuy Loan (Da Nang); Phan Thiet (Binh Thuan) – Dau Giay (Dong Nai).

Option 2: State support VND 63,000 billion invested 916 km, including Cao Bo (Nam Dinh) – Van Ninh (Quang Binh); Cam Lo (Quang Tri) – Tuy Loan (Da Nang); Nha Trang (Khanh Hoa) – Dau Giay (Dong Nai).

Option 3: The State supports VND 70,000 billion to invest 1,015 km, including Cao Bo (Nam Dinh) – Van Ninh (Quang Binh); Tuy Hoa (Phu Yen) – Dau Giay (Dong Nai).

Option 1 is implemented in the context of expansion of National Highway 1A and National Road 14 through the Central Highlands; coastal roads continue to invest; Ho Chi Minh Highway was completed and planned to develop into a highway in the future, and meeting the progress of submitting to the National Assembly at the third session of the National Assembly XIV meeting according to the plan already reported to the Politburo and submit to the National Assembly

The Prime Minister noted that site clearance should be paid special attention. From practical success at the expansion projects of National Highway 1A and Highway 14 through the Central Highlands, it is necessary to mobilize the participation of the entire political system in the localities in the implementation organization, Effective and timely. We have to focus on this.

The investment phasing shall be calculated in phases, in line with the actual development of means of transport, however, the land road markers must be demarcated to manage the land fund according to the planning; At the same time, there are technical solutions to ensure the connection at intersections as planned.

The Prime Minister also requested the implementation of the project to ensure publicity, transparency, anti-waste, waste, negative anti-corruption, anti-group interests, especially the selection of investors.

In early May 2017, the Government Office has just issued Official Letter No. 217 / TB-VPCP announcing the conclusion of Standing Deputy Prime Minister Truong Hoa Binh at the Standing Meeting of the Government of North-South Expressway Project Accordingly, the Deputy Prime Minister does not propose to the National Assembly the provision of guarantee, including guarantee of minimum turnover, commitment to convert foreign currency, insurance third parties replace the Government to implement commitments in the copper.

Previously, in order to overcome the shortage of capital, the Ministry of Transport (MOT) has launched a plan calling for investment from abroad, in which the ministry proposes three specific mechanisms for water investors In addition to the precedent, there are no legal regulations, including guarantee of minimum turnover, guarantee of commitment for foreign currency conversion (also referred to as exchange rate guarantee) and third party insurance guarantee in replacement of the Government. Commitment to the contract.

During the working session between Deputy Prime Minister Vuong Dinh Hue and Mr. Ryuji Nishisaki, CEO, Sumitomo Mitsui Banking Corporation (SMBC) in the Asia-Pacific region in early May 2017, Deputy PM He was delighted that Vietnam was selected by SMBC as a destination for investment and business cooperation, suggesting that the institution could invest in infrastructure.

According to the leaders of the Government, from now to 2020, Vietnam will build 700 km north-south highway with huge capital needs. SMBC as well as other domestic and foreign investors can invest in public-private partnerships.

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The government plans to invest VND314 trillion for North-South expressway
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